Russia infrastructure projects under budget

RUSSIA / FSU POLITICS - In Brief 20 Jan 2020 by Alex Teddy
The Ministry of Finance announced on January 19 that 91% of money allocated to national projects was spent by the end of 2019. USD 2.4 billion allocated to be spent in 2019 was carried over into 2020. Putin announced these national projects in 2018 as part of his re-election campaign. The projects are way behind schedule but at least they are well within budget. There was a lot of frantic spending of these funds in the last quarter of 2019. Senior officials have castigated the tardy and inefficient way that the national projects are being implemented.

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